Monday, December 5, 2011

Rockefeller Economics

Lew Rockwell columnist, Gary North, published a piece today that explains exactly how colleges, Universities and the mainstream media eventually anointed Keynesian economics theory as the only "legitimate" economics theory to be studied, discussed and implemented as official government policy. Everything else is considered fringe, or irrational supporters of an "already proven to have failed" Gold standard money system.

Higher education in the United States was transformed by Rockefeller money, beginning in 1902: the General Education Board. The GEB made grants to colleges only if they hired Ph.D-holding graduates of a handful of universities, which alone granted the Ph.D. This way, the universities could indirectly take over the rest of the colleges, which were mostly church-related. The strategy worked.

Rockefeller's academic empire included the University of Chicago, which he founded. From the turn of the 20th century, the University of Chicago's department of economics repudiated the use of gold in monetary affairs.

From 1902, the Rockefeller foundation used it's immense wealth to essentially buy higher education in this country. From that point on, it only took 11 years for the Rockefeller-bought PhD economists to promote a paradigm that eventually led to the creation of the Central Banking Cartel, the Federal Reserve.

This is why, as North points out:

There has never been a college textbook in economics that called the FED a government-created cartel that exists for the sake of the largest banks. This outlook shapes the thinking of the students who get certified to teach. They are literally unable intellectually to apply the economic theory in the chapter on cartels to the Federal Reserve System, despite the fact that the theory in the cartel chapter fits seamlessly onto the facts of the FED. Support of central banking is basic to the entire curriculum in modern economics.

The Rockefeller Foundation did more than use grant funding in the early 20th century to influence the entire study of economics. The Federal Reserve Cartel itself has continued the practice as well. North explains:

For decades, the Federal Reserve's Board of Governors (government) and its 12 regional banks (privately owned) have spent tens of millions of dollars (created out of nothing) handing research jobs to academic economists. The FED has literally bought off the profession. This story was concealed for years by the FED and its bought-off defenders, but it has recently surfaced.

The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.

This dominance helps explain how, even after the Fed failed to foresee the greatest economic collapse since the Great Depression, the central bank has largely escaped criticism from academic economists. In the Fed's thrall, the economists missed it, too.

"The Fed has a lock on the economics world," says Joshua Rosner, a Wall Street analyst who correctly called the meltdown. "There is no room for other views, which I guess is why economists got it so wrong."

Of course, it must be pointed out here that the Rockefeller's were instrumental in the creation of the Federal Reserve...not just by buying out the economics academic establishment, but also through "supporting" politicians who pushed through the Federal Reserve Act in the first place. This connection is noted at Wikipedia (for which I will not link to, but only point out here that Wiki does represent the so-called mainstream, politically correct source of info, and they too note the Rockefeller/Fed connection). This connection is not just in the minds of what useful idiots and misinformation disseminater's would claim is nothing more than the fevered imagination of "conspiracy theorists." The key politician behind the Federal Reserve Act was Senator Nelson Aldrich, John D. Rockefeller's son-in-law. From the Wiki article on the Federal Reserve:

In early November 1910, Aldrich met with five well known members of the New York banking community to devise a central banking bill. Paul Warburg, an attendee of the meeting and long time advocate of central banking in the U.S., later wrote that Aldrich was "bewildered at all that he had absorbed abroad and he was faced with the difficult task of writing a highly technical bill while being harassed by the daily grind of his parliamentary duties".[25] After ten days of deliberation, the bill, which would later be referred to as the "Aldrich Plan", was agreed upon. It had several key components, including a central bank with a Washington-based headquarters and fifteen branches located throughout the U.S. in geographically strategic locations, and a uniform elastic currency based on gold and commercial paper. Aldrich believed a central banking system with no political involvement was best, but was convinced by Warburg that a plan with no public control was not politically feasible.[25] The compromise involved representation of the public sector on the Board of Directors.[26]

Aldrich's bill met much opposition from politicians. Critics were suspicious of a central bank, and charged Aldrich of being biased due to his close ties to wealthy bankers such as J. P. Morgan and John D. Rockefeller, Jr., Aldrich's son-in-law.

The Federal Reserve is not just a banking cartel with the exclusive rights to create money out of nothing - fiat currency - it has also established a cartel in economics research and study in both higher education and in the media. This is how they control the narrative to maintain their hold on the ability to enslave We the Sheeple with the modern day system of Bankster-run Serfdom.

As Ron Paul continues to gain momentum with his End the Fed campaign, he's not just taking on the Federal Reserve system, he's taking on the entire establishment of academic and mainstream media economists and think tanks...an establishment that should rightly be identified as Rockefeller Economics.

9 comments:

Thanks for the book reference, I've never heard of it...but I cerainly am aware of the Rockefeller's involvement in the corruption of food and drugs. Chris Masterjohn did an excellent write up on it here: http://www.cholesterol-and-health.com/Federal-Reserve-System-Created-History.html

As usual, rather than countering Mr. Galt's factually correct piece, you pulled out the "anti-Semitism" card even though the word "Jew" is not to be found in Galt's essay.

Given your erudite response, an intelligent reader would thusly connect the dots between his essay and your trolling counter, then conclude, thanks be to you, that Rockefeller, et.al. are Jewish and thus to blame for the state of affairs outlined in Galt's essay.

Frankly, I agree with you and would like to offer my gratitude to you for pointing out the connection between the Judaists and the control of both the nations and worlds monetary system. As the current collapse continues to unfold I kept waiting for one of the main players to have a name such as O'Brien or O'Leary, or perhaps even something more common like Smith or Jones. Anything Celtic or Anglo-Saxon, truly Germanic or even Scandinavian.

But it hasn't happened, and now, thanks to you clarifying matters, I realize that it isn't going to happen unless someone at the top of the rotted monetary food chain decides its time to grab a third or fourth-tier apparatchik and toss him out for legal and public consumption. A "Fall Guy." With no arrests yet made and therefore no prosecutions for obvious criminality, it is evident that it isn't just the monetary system that is controlled, it is everything.

As a suggestion to any and all, the 1905 Encyclopedia Judaica is on line and perfectly readable on Goggle Books. I encourage everyone to read its contents, particularly the section on monetary influence beginning around page 470 or so. Perhaps He/She/It name "anonymous" would like to dispute the commentaries of the Rabbi's and Jewish historians who penned the work as well as the voluminous efforts that have followed.

It is indeed a sad day that when the truth is lain bare for all to see about so many different subjects of critical importance, and the first response by the Judaists and their apologists is to toss out pejoratives to make these topics in effect, taboo.

How did the New Testament argue this phenomenon? "For fear of the Jews..."

I've been reading your blog sinceSisson linked to your "Paleo Baby" post in 2010. I've read every post, and I find myself agreeing with you most of the time. But one thing I'm confronting lately is the theory-vs.-practice issue. How do we decide to drop out, as it were, from CW?

In general I know that the decisions I make for my family's nutrition is within my control, but others are not. Like many women of the late 20th/early 21st century, I fell under the spell of the necessity of a degree and independence and a career, etc. But my most fulfilling and happy job has been wife and mother. They don't pay quite the salary as project manager, event planner, admin assistant, teacher, or analyst (all positions I've held), but satisfy the spirit. However, regardless of the fulfillment I have in the role of a traditional woman, I know I have the obligation to repay student loans, at minimum. Still lingering in my psyche is the onus to "prove" that my education was not in vain, and that I am WorthSomething to the world. But my greatest worth is to my family, and that is less than appreciated by culture at large. A few weeks ago, at a family gathering, I was asked when I would be returning to work and putting the kids in daycare, so they could "socialize" and "learn to interact" and "become independent." Since when do three and one year old children need to become independent?

I feel hopelessly lost in a sea of thinking whose tides bring me towards a shore of strange sands and stranger companions.

I suppose what I seek is some prescription, a community not just online but close to me physically. I can access untold online resources and receive succor from other women in my predicament, but what is going to change the world will be actual meat-space interaction. I'm not sure how to find it, and not certain I'm courageous enough to found a group dedicated to such things. Note this: I live in NJ, the state which removed children from a two-parent home because they chose Nazi names for their kids (I don't approve of this but parents have rights to do other silly things without reprimand). And at the same time, they granted and legally commanded that a man be given visitation rights to his toddler daughter, whom he subsequently drowned while she was strapped into her car seat. He tied the car-jack to the seat so it would sink. I cry whenever details of this crime are reported.

I want to cry "WTF!!!!" up and down, but it does no good. So what does a person shoveling sand against the tide, do? Sometimes it seems like the mountaintop is the best option, but it's only a matter of time and legislation before the mountaintop becomes a battleground as well.

Take heart MB, at least you know you've discovered the truth, and you can at least protect yourself and your family from the deceptive traps laid out for us all by those who would exploit us for their own benefit.

Also, please understand that I write from a perspective of having fallen for many of these things myself. I wasted prime years doing the education thing, and I still have student loans to pay off as well.

I get all kinds of grief from family and friends when I tell them I don't want my kid going to school, or that I don't want anyone in my family to eat the garbage that makes us all sick.

I watched my Grandfather waste away and die from a decade of prescribed statin use, and there was nothing I could do there either. My family members thought I was insane for arguing that he didn't need them and that I somehow knew better than his doctor.

The conventional wisdom is so pervasive, so persuasive, you simply cannot hope to win the argument with those who are not open to even questioning it.

There's only one thing to do, IMO - live the best way you can guided by what you know to be true, and influence those you love and care for the best way you can.

As J. Stanton always signs off his posts: "Live in freedom, live in beauty."

Re: student loans - isn't there plans for forgiveness for outstanding student loans, if not already passed? I believe it was after 10 years all student debt is erased. Not sure at all about this, just something I recall reading/hearing.

MB -

I find that people with overlapping and similar views to myself tend to cluster around a few things: diet, general health care/fitness, and political/social views, in descending order.

That is, if someone follows a paleo diet, I find their views are closer to my own regarding the following 2 items, by virtue that it requires an assessment and analysis of what we've been told for years, "fat is bad and grains are good", is false.

To me, it seems diet is the first "unplugging" or "unsheeping" that people do, and from there on they are capable of being more critical of various other aspects of society (doesn't mean its a guarantee, though).

Thus, perhaps you'll find people with similar views (ie: parenting) as your own beginning with paleo-like minded people, and may find success going that route first.

"I believe the true significance of the Gold Commission is that the politicians and central bankers were so alarmed at such a thing that they made sure it was packed by an array of Keynesians and monetarists." - Ron Paul (1985)